Goldman Sachs Group Inc (NYSE:GS) Position Lifted by First American Trust FSB

First American Trust FSB boosted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 22.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,582 shares of the investment management company’s stock after buying an additional 4,300 shares during the quarter. Goldman Sachs Group makes up approximately 1.5% of First American Trust FSB’s holdings, making the stock its 21st largest holding. First American Trust FSB’s holdings in Goldman Sachs Group were worth $6,008,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of Goldman Sachs Group by 9.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock valued at $21,810,000 after purchasing an additional 7,736 shares during the period. Commonwealth Bank of Australia increased its position in shares of Goldman Sachs Group by 5.9% in the 3rd quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock valued at $18,738,000 after buying an additional 4,390 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Goldman Sachs Group by 223.8% in the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after buying an additional 27,121 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Goldman Sachs Group by 29.9% in the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after buying an additional 4,714 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC increased its position in shares of Goldman Sachs Group by 23.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after buying an additional 152 shares in the last quarter. 73.38% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider David M. Solomon sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $238.49, for a total transaction of $572,376.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gregory K. Palm sold 4,620 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Insiders have sold 158,414 shares of company stock valued at $39,361,490 over the last 90 days. Company insiders own 2.57% of the company’s stock.

A number of research firms have issued reports on GS. Morgan Stanley increased their target price on Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Co reiterated an “outperform” rating and set a $320.00 target price on shares of Goldman Sachs Group in a report on Thursday, January 25th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 target price for the company in a report on Tuesday, December 19th. Vertical Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Finally, Barclays increased their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $256.20.

Shares of Goldman Sachs Group Inc (GS) traded down $12.19 during trading hours on Friday, reaching $260.04. 5,904,315 shares of the company traded hands, compared to its average volume of 3,350,000. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $98,090.00, a P/E ratio of 29.99, a P/E/G ratio of 0.96 and a beta of 1.37. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $273.79.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $5.08 earnings per share. equities research analysts anticipate that Goldman Sachs Group Inc will post 21.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 annualized dividend and a yield of 1.15%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 34.60%.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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